How to redeem reward points on Axis Bank credit card?
Vishnu Wagh
Asked 22 May 2026
I have accumulated around 5,000 reward points on my Axis Bank credit card. What is the redemption value in rupees and the best way to use them?
2 Answers
Credit score impact: each hard inquiry (which happens on card application) drops your score by 5-15 points temporarily. Applying for 3 cards in 2 months is fine IF you get all 3 approved. If 2 get rejected, you've taken a hit with nothing to show for it. Apply smart, not fast.
I've held this card for 3 years. Quick reality check: the welcome benefit is good, the first-year fee waiver is easy, but from year 2 onwards you really have to work for the milestone benefits. Don't keep it if your monthly spend drops below the milestone threshold.
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